ATLANTA - Atlanta-based Johnson & Freedman LLC, a member of the Fannie Mae Retained Attorney Network and Freddie Mac Designated Counsel Program, has announced that January N. Taylor has been promoted to partner. Johnson & Freedman is a business... Read More
By John C. Lynch , Jason E. Manning and Elizabeth "Liz" S. Flowers On April 30, 2012, the United States District Court for the District of Massachusetts denied class certification of Plaintiffs' unlawful foreclosure claims, finding that... Read More
WASHINGTON, D.C. - (Mealey's) The U.S. Department of Justice (DOJ) announced Feb. 9 that the federal government, attorneys general from 49 states and five national banks have reached a $25 billion settlement to resolve issues stemming from the lenders'... Read More
The foreclosure paperwork and processing mess has been unfolding on the front pages of the nation's news papers for several weeks now. While the situation has created a lot of uncertainty, the one thing that seemed probable was that litigation would... Read More
WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on Jan. 23 declined to hear a case in which the Third Circuit U.S. Court of Appeals had determined that a law firm's communication with a Chapter 13 debtor pertaining to the foreclosure of her... Read More
LOS ANGELES — California homeowners sued Bank of America on April 6, claiming the lending giant is intentionally withholding government funds intended to save homeowners from foreclosure, Hagens Berman Sobol Shapiro announced. The case, filed... Read More
NEW YORK - (AP) Foreclosure-fraud class action lawsuits are starting to pile up against major banks across the U.S., threatening a besieged industry with billions more in potential losses. Bank executives are swarming Capitol Hill this week to defend... Read More
ARLINGTON, Va. - (AP) A wave of lawsuits from troubled borrowers who lost their homes to foreclosure could hurt the already-ailing housing market, a top banking regulator said Monday. Sheila Bair, chairman of the Federal Deposit Insurance Corp., said... Read More
WASHINGTON, D.C. - (AP) Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago, collected outsized fees from borrowers facing foreclosure. It's the latest evidence of... Read More
LOS ANGELES - (AP) The state of California has reached a settlement in a predatory lending lawsuit against former executives at Countrywide Financial Corp. that will pour $6.5 million into a fund to help foreclosed homeowners. The state had sued Countrywide... Read More
PITTSBURGH - (AP) A Pittsburgh attorney says a Philadelphia law firm used nonlawyers to file untold numbers of mortgage foreclosures across the state and therefore fraudulently collected attorney's fees in such cases. The lawsuit comes as a bankruptcy... Read More
LOS ANGELES - (AP) Grocery store owners William and Esperanza Casco were making enough money to stay current on their mortgage, but when JPMorgan Chase & Co. offered a plan that reduced their payments, they figured they could use the extra cash and... Read More
WASHINGTON, D.C. – (AP) The number of new cases in federal courts related to consumer issues surged in the year ended last Sept. 30 as Americans battered by the recession fought foreclosures and downgraded debt ratings, data released Tuesday... Read More